First and foremost, Japan will be raising its sales tax for the first time since 1997 on April 1st. The last time a politician dared to raise the consumption tax in Japan, he plunged the economy into recession. Hopefully it won’t happen again but such a monumental change in fiscal policy is sure to affect USD/JPY. Japan will also be releasing its quarterly Tankan report, which is one of those few pieces of Japanese data that can actually move the Yen.
Read more about 5 reasons why currencies could explode next week
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